Bank of New York Mellon Corp Buys 114,770 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Bank of New York Mellon Corp boosted its position in Advantage Solutions Inc. (NASDAQ:ADV) by 24.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 579,116 shares of the company’s stock after acquiring an additional 114,770 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Advantage Solutions worth $1,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Atairos Partners GP Inc. grew its holdings in shares of Advantage Solutions by 114.7% during the 4th quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock valued at $15,398,000 after purchasing an additional 2,272,428 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Advantage Solutions during the fourth quarter valued at approximately $55,000. Victory Capital Management Inc. bought a new position in shares of Advantage Solutions in the fourth quarter worth approximately $51,000. BlackBarn Capital Partners LP purchased a new position in shares of Advantage Solutions in the fourth quarter worth $2,956,000. Finally, Principal Financial Group Inc. raised its holdings in Advantage Solutions by 293.0% during the 1st quarter. Principal Financial Group Inc. now owns 42,986 shares of the company’s stock valued at $186,000 after buying an additional 32,049 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Advantage Solutions Stock Performance

Advantage Solutions stock opened at $3.91 on Wednesday. The firm has a market cap of $1.26 billion, a P/E ratio of -55.86 and a beta of 1.48. Advantage Solutions Inc. has a 1-year low of $1.85 and a 1-year high of $4.95. The firm has a 50-day moving average of $3.75 and a 200-day moving average of $3.75. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.82.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.14). Advantage Solutions had a negative net margin of 2.72% and a negative return on equity of 5.96%. The company had revenue of $873.36 million for the quarter, compared to analysts’ expectations of $909.64 million. Sell-side analysts expect that Advantage Solutions Inc. will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David A. Peacock acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of $3.40 per share, for a total transaction of $51,000.00. Following the acquisition, the chief executive officer now directly owns 2,335,396 shares in the company, valued at $7,940,346.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO David A. Peacock purchased 15,000 shares of Advantage Solutions stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $3.40 per share, for a total transaction of $51,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,335,396 shares in the company, valued at approximately $7,940,346.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David A. Peacock acquired 40,000 shares of the stock in a transaction dated Friday, June 21st. The shares were bought at an average cost of $2.79 per share, for a total transaction of $111,600.00. Following the completion of the transaction, the chief executive officer now owns 2,320,396 shares in the company, valued at $6,473,904.84. The disclosure for this purchase can be found here. Corporate insiders own 6.20% of the company’s stock.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.